JOYY
$79.09-4.70%
JOYY Inc. American Depositary SharesStock · Communication Services
JOYY financial statements
The full income statement, balance sheet, and cash-flow statement for JOYY Inc. American Depositary Shares (JOYY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 60.8M2018-12 64.7M2019-12 78.3M2020-12 80.0M2021-12 78.1M2022-12 82.3M2023-12 73.1M2024-12 57.9M2025-12 50.0M-17.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.12B-5.1% | 2.24B-1.3% | 2.27B-6.0% | 2.41B-7.9% | 2.62B+36.6% | |
| 763M-5.4% | 806M-0.8% | 813M-4.6% | 852M+1.7% | 838M+55.2% | ||
| Cost of revenue | 1.36B-4.9% | 1.43B-1.6% | 1.45B-6.7% | 1.56B-12.5% | 1.78B+29.2% | |
| 709M-41.9% | 1.22B+54.8% | 788M-3.8% | 819M-15.6% | 970M+1.6% | ||
| Research & development | 247M-11.3% | 279M-5.7% | 296M+12.9% | 262M-6.4% | 280M-7.6% | |
| Selling, general & administrative | 165M+7.9% | 153M+24.3% | 123M-13.5% | 142M-36.0% | 222M+51.2% | |
| General & administrative | 165M+7.9% | 153M+24.3% | 123M-13.5% | 142M-36.0% | 222M+51.2% | |
| Selling & marketing | 297M-10.8% | 333M-9.8% | 370M-7.7% | 400M-14.5% | 468M-7.3% | |
| Amortization of intangibles | 64.0M-2.2% | 65.5M-10.7% | 73.4M+12.5% | 65.2M-3.0% | 67.2M-38.6% | |
| Provision for credit losses | 1.73M-83.8% | 10.7M+545.8% | 1.65M-88.6% | 14.6M+2399.1% | -633K+75.8% | |
| Operating income | 55.8M+113.8% | -406M-1507.7% | 28.8M-43.2% | 50.7M+147.6% | -107M+73.8% | |
| Interest expense | 516K-89.4% | 4.85M-53.5% | 10.4M-18.4% | 12.8M-11.8% | 14.5M-80.8% | |
| Equity-method income | 11.6M+809.2% | -1.64M-149.7% | 3.30M+100.7% | -498M-1801.2% | -26.2M-243.4% | |
| Gain (loss) on equity securities | -278K+52.6% | -587K-105.3% | 11.2M-34.6% | 17.1M+21.7% | 14.0M-3.4% | |
| Pre-tax income | 216M+195.0% | -228M-179.0% | 288M-54.6% | 635M+917.9% | -77.6M-668.1% | |
| Income tax | 16.4M+21.8% | 13.5M-28.5% | 18.9M-45.5% | 34.6M+34.3% | 25.7M-7.5% | |
| 2.10B+1535.0% | -146M-148.5% | 302M+134.2% | 129M+260.5% | -80.3M-105.8% | ||
| Income from continuing operations | 223M+252.2% | -146M-148.5% | 302M+134.2% | 129M+211.2% | -116M-518.2% | |
| Discontinued operations | — | — | 0.00 | 0.00-100.0% | 35.6M-97.5% | |
| Net income to common | 2.10B+1520.5% | -148M-142.5% | 347M+190.8% | 119M+233.4% | -89.5M-106.6% | |
| $39.40+1615.4% | -$2.60-154.2% | $4.80+200.0% | $1.60+233.3% | -$1.20-107.1% | ||
| EPS (basic) | $39.80+1630.8% | -$2.60-148.1% | $5.40+237.5% | $1.60+233.3% | -$1.20-107.1% | |
| Weighted-avg shares (basic) | 52.6M-9.1% | 57.9M-11.5% | 65.4M-9.1% | 72.0M-7.9% | 78.1M-2.4% | |
| Weighted-avg shares (diluted) | 53.3M-8.0% | 57.9M-20.9% | 73.1M-11.1% | 82.3M+5.3% | 78.1M-2.4% | |
| Dividends per share | $2.92 | — | $1.15-35.1% | $1.77-13.5% | $2.05+154.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.62B-36.7% | 2.56B-37.2% | 4.07B-12.3% | 4.64B-8.4% | 5.07B+30.0% | ||
| Cash & equivalents | 374M-15.9% | 445M-58.2% | 1.06B-12.4% | 1.21B-33.9% | 1.84B+5.4% | |
| Short-term investments | 614M+112.7% | 289M+5.0% | 275M-24.2% | 363M-61.7% | 947M+93.5% | |
| Accounts receivable | 154M+26.7% | 122M-6.8% | 131M+10.8% | 118M+3.1% | 114M-20.0% | |
| Prepaid expenses | 256M+3.2% | 248M-3.1% | 255M+8.2% | 236M+10.5% | 214M+107.8% | |
| 7.55B+0.3% | 7.53B-11.3% | 8.48B-6.5% | 9.07B-0.5% | 9.12B+12.7% | ||
| Property, plant & equipment | 565M+13.1% | 500M+27.9% | 391M+13.8% | 343M-6.1% | 365M-9.0% | |
| Operating lease right-of-use | 21.2M+3.8% | 20.5M-32.2% | 30.2M-9.1% | 33.2M+100.4% | 16.6M-23.2% | |
| Goodwill | 2.19B+0.0% | 2.19B-17.2% | 2.65B-0.0% | 2.65B+35.3% | 1.96B+4.6% | |
| Intangible assets | 222M-19.9% | 277M-16.9% | 334M-16.2% | 398M+27.6% | 312M-9.3% | |
| Long-term investments | — | 531M-2.5% | 545M-17.5% | 660M-35.4% | 1.02B-17.5% | |
| Deferred tax assets | 9.78M+281.7% | 2.56M | 0.00 | — | — | |
| Other non-current assets | 8.07M-57.7% | 19.1M+13.8% | 16.8M+33.1% | 12.6M+158.0% | 4.88M-54.6% | |
| Total non-current assets | 5.93B+19.3% | 4.97B+12.7% | 4.41B-0.4% | 4.43B+9.3% | 4.05B-3.4% | |
| 874M-67.3% | 2.67B-13.4% | 3.09B+0.5% | 3.07B+22.3% | 2.51B+166.1% | ||
| Accounts payable | 71.6M-14.8% | 84.0M+25.9% | 66.8M+19.2% | 56.0M+210.9% | 18.0M-14.1% | |
| Deferred revenue | 61.7M-7.6% | 66.8M-9.3% | 73.7M-14.3% | 86.0M+41.2% | 60.9M-9.4% | |
| Short-term & current debt | 10.7M-69.4% | 34.9M-33.1% | 52.1M+39.8% | 37.3M | 0.00-100.0% | |
| Current lease liability | 8.94M-17.0% | 10.8M-13.0% | 12.4M-0.5% | 12.5M+12.8% | 11.0M-23.0% | |
| Other current liabilities | 24.5M+1675.9% | 1.38M-45.6% | 2.53M-21.5% | 3.23M | — | |
| 950M-65.4% | 2.74B-13.5% | 3.17B-11.1% | 3.57B+2.2% | 3.49B+96.0% | ||
| Deferred revenue (non-current) | 9.52M-24.6% | 12.6M-2.3% | 12.9M+32.4% | 9.77M+52.1% | 6.42M+105.0% | |
| Non-current lease liability | 12.0M+20.9% | 9.95M-46.0% | 18.4M-14.7% | 21.6M+276.7% | 5.73M-29.4% | |
| Operating lease liability (total) | 21.0M+1.2% | 20.7M-32.7% | 30.8M-9.5% | 34.1M+103.0% | 16.8M-25.3% | |
| Other non-current liabilities | — | — | — | 436K-94.1% | 7.37M | |
| Total non-current liabilities | 76.5M+8.9% | 70.2M-17.7% | 85.3M-82.8% | 497M-49.3% | 980M+17.0% | |
| 6.54B+38.8% | 4.71B-8.6% | 5.16B-0.4% | 5.18B-6.3% | 5.53B-11.3% | ||
| Additional paid-in capital | 3.32B-0.9% | 3.35B+1.9% | 3.28B+0.1% | 3.28B+1.0% | 3.25B-6.1% | |
| Retained earnings | 4.70B+68.0% | 2.80B-5.1% | 2.95B+9.8% | 2.69B-1.0% | 2.71B-5.9% | |
| Treasury stock | 1.30B+6.5% | 1.22B+33.8% | 914M+39.5% | 655M+24.4% | 527M+277.5% | |
| Accumulated other comprehensive income | -208M+16.0% | -248M-25.7% | -197M-21.4% | -162M-334.5% | 69.2M+274.5% | |
| Non-controlling interest | 34.9M-27.0% | 47.8M-64.2% | 133M-42.8% | 233M+583.0% | 34.1M+521.0% | |
| Total equity incl. non-controlling | 6.58B+38.2% | 4.76B-10.0% | 5.29B-2.2% | 5.41B-2.7% | 5.56B-10.9% | |
| Total liabilities & equity | 7.55B+0.3% | 7.53B-11.3% | 8.48B-6.5% | 9.07B-0.5% | 9.12B+12.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 302M-2.1% | 309M+4.4% | 296M-6.6% | 316M+50.4% | 210M-57.5% | ||
| Depreciation & amortization | 93.1M+2.4% | 90.9M-24.2% | 120M-19.3% | 149M-15.5% | 176M-5.9% | |
| Intangible amortization | 64.0M-2.2% | 65.5M-10.7% | 73.4M+12.5% | 65.2M-3.0% | 67.2M-38.6% | |
| Share-based compensation | 25.8M+11.2% | 23.2M-27.5% | 32.0M-27.5% | 44.1M+32.1% | 33.4M-63.8% | |
| Deferred income taxes | 362K+104.5% | -7.98M+32.4% | -11.8M-510.2% | -1.94M+80.3% | -9.80M-177.7% | |
| Change in receivables | 45.0M+229.7% | 13.7M-57.9% | 32.4M+60.5% | 20.2M+172.0% | -28.1M-150.3% | |
| -456M-116.9% | -210M-150.0% | 420M+182.4% | -510M-164.6% | 790M+0.9% | ||
| Capital expenditure | 143M+70.9% | 83.7M+2.6% | 81.6M+18.2% | 69.0M-2.5% | 70.8M-53.1% | |
| Free cash flow | 159M-29.2% | 225M+5.1% | 214M-13.5% | 247M+77.3% | 140M-59.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00+100.0% | -27.9M-296.2% | -7.05M-250.8% | |
| Proceeds from sale of PP&E | 7.51M+941.6% | 721K-81.2% | 3.83M-49.0% | 7.51M+131.4% | 3.24M+291.8% | |
| Other investing activities | -8.80M-228.4% | 6.85M+1158.4% | -647K-106.7% | 9.61M+65.3% | 5.81M+149.5% | |
| -288M+59.3% | -708M+15.9% | -842M-161.5% | -322M+55.5% | -724M-434.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 133M-48.8% | 259M-5.3% | 274M+98.4% | 138M-65.4% | 399M+276.0% | |
| Dividends paid | 156M | 0.00-100.0% | 84.2M-42.3% | 146M-8.9% | 160M+148.1% | |
| FX effect on cash | 1.11M-80.8% | 5.79M+748.8% | 682K+101.3% | -53.2M-238.5% | 38.4M+54.0% | |
| Interest paid | 516K-82.9% | 3.02M-61.5% | 7.83M-10.1% | 8.71M-43.8% | 15.5M+8.1% | |
| Income taxes paid | 33.7M+16.2% | 29.1M+31.6% | 22.1M+15.3% | 19.1M-36.0% | 29.9M-55.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.24B+33.6% | 2.42B-25.8% | 3.27B+32.4% | 2.47B-30.5% | 3.55B-44.6% | |
| P/E | 1.5× | — | 25.3× | — | — | |
| P/S | 1.5×+40.7% | 1.1×-20.1% | 1.4×+43.8% | 0.9×-30.5% | 1.4×-59.4% | |
| P/B | 0.5×-3.8% | 0.5×-18.5% | 0.6×+41.3% | 0.4×-30.5% | 0.6×-37.5% | |
| P/FCF | 20.3×+88.8% | 10.8×-18.4% | 13.2×-25.3% | 17.7×-30.5% | 25.4×+36.7% | |
| Earnings yield | 64.8% | — | 3.9% | — | — | |
| FCF yield | 4.9%-47.0% | 9.3%+22.5% | 7.6%+33.9% | 5.7%+43.8% | 3.9%-26.8% | |
| Dividend yield | 4.5% | — | 2.9%-48.4% | 5.6%+24.4% | 4.5%+347.4% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: JOYY’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all JOYY filings on SEC EDGAR → Not investment advice.